Sentica sells its majority holding in Kotipizza Group Oyj for €38.2 million
Sentica Buyout III Ky and Sentica Buyout III Co-Investment Ky (together “Sentica”) have sold all of their shares in Kotipizza Group Oyj (“Kotipizza” or the “Company”) in an accelerated book-building process (the “Share Sale”). Sentica sold altogether 4,020,618 shares in the Company, corresponding to approximately 63.3 percent of all the shares and votes in Kotipizza. The sale price in the Share Sale was EUR 9.50 per share and the gross sales proceeds of the Share Sale amounted to approximately EUR 38.2 million. After the Share Sale, Sentica does not own shares in the Company.
About Kotpizza Group
Kotipizza Group’s mission is to make the world a better place, one pizza at a time. Kotipizza Group consists of units that focus on a special knowledge of the fast casual restaurant chain business. Kotipizza is the largest pizza chain in the Nordics and Chalupa is a fresh Mexican-style fast casual chain. The logistics company Helsinki Foodstock handles sourcing and logistics for a number of food-service chains, and enables them to expand nationally.
Source: Sentica Press Release